Minnesota

State in United States

2019
Economic
Complexity
: 0.31, Rank 27 of 53

Jan 2021
Trade
Exports | Imports
: $1.7B | $2.51B, 23 of 54 | 20 of 54

Jan 2021
Country
Destination | Origin
: Canada | Canada , $430M  | $759M

Jan 2021
Product
Exports | Imports
: Refined Petroleum | Crude Petroleum , $128M  | $352M

Overview: This page contains the latest international trade data for Minnesota, including export and import data.

Exports: In 2020, United States' Minnesota exported $20.1B, making it the 21st largest exporter out of the 53 exporters in United States. In 2020 the top exports of Minnesota were Petroleum spirit for motor vehicles ($974M), Needles, catheters, cannulae etc, (medical) ($716M), Prisms, mirrors and optical elements nes,... ($548M), Iron ore, concentrate, not iron pyrites,... ($478M), and Instruments, appliances for medical, etc science,... ($394M).

Imports: In 2020, United States' Minnesota imported $28.1B, making it the 20th largest importer out of the 53 importers in United States. In 2020 top imports of Minnesota were Petroleum oils, oils from bituminous minerals,... ($3.28B), Commodities not specified according to kind ($653M), Pacemakers for stimulating heart muscles ($559M), Tricycles, scooters, pedal cars and similar... ($498M), and Reception apparatus for television, whether or... ($424M).

Economic Complexity: In 2019, the highest complexity exports of Minnesota according to the product complexity index (PCI) are Photographic Film (1.96), Machinery Having Individual Functions (1.93), Other Measuring Instruments (1.86), Non-Mechanical Removal Machinery (1.78), and Oscilloscopes (1.77). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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This section shows the differences between Minnesota's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

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Yearly Exports

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Top Destination (2020): Canada, $4.83B

Top Product (2020): Petroleum spirit for motor vehicles, $974M

In 2020 the top export destinations of Minnesota were Canada ($4.83B), China ($2.14B), Mexico ($1.93B), Japan ($1.36B), and South Korea ($938M).

In 2020 the top exports of Minnesota were Petroleum spirit for motor vehicles ($974M), Needles, catheters, cannulae etc, (medical) ($716M), Prisms, mirrors and optical elements nes,... ($548M), Iron ore, concentrate, not iron pyrites,... ($478M), and Instruments, appliances for medical, etc science,... ($394M).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Top Origin (2020): China, $7.58B

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., $3.28B

In 2020 the top import origins of Minnesota were China ($7.58B), Canada ($7.46B), Mexico ($2.59B), Vietnam ($1.81B), and Germany ($1.02B).

In 2020 the top imports of Minnesota were Petroleum oils, oils from bituminous minerals,... ($3.28B), Commodities not specified according to kind ($653M), Pacemakers for stimulating heart muscles ($559M), Tricycles, scooters, pedal cars and similar... ($498M), and Reception apparatus for television, whether or... ($424M).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of United States

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Minnesota ranks 27th out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Minnesota already has a comparative advantage, are led by Nickel Bars (0.3), Sulfite Chemical Woodpulp (0.29), Animal Fat (0.29), Hormones (0.29), and Navigation Equipment (0.29).

Most Complex Products by PCI

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The highest complexity exports of Minnesota according to the product complexity index (PCI) are Photographic Film (1.96), Machinery Having Individual Functions (1.93), Other Measuring Instruments (1.86), Non-Mechanical Removal Machinery (1.78), and Oscilloscopes (1.77). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Tensile Testing Machines (53.3), Starch Residue (40.2), Abrasive Powder (39.7), Dissolving Grades Chemical Woodpulp (39.4), and Breathing Appliances (35.9).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Minnesota is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Minnesota. These are products that tend to be co-exported with the products that Minnesota exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.